Zurcher Kantonalbank Zurich Cantonalbank Increases Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 24.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 28,989 shares of the financial services provider’s stock after acquiring an additional 5,739 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Interactive Brokers Group were worth $5,121,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sigma Planning Corp purchased a new position in Interactive Brokers Group in the third quarter valued at approximately $225,000. Crossmark Global Holdings Inc. grew its position in shares of Interactive Brokers Group by 17.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,131 shares of the financial services provider’s stock valued at $1,133,000 after buying an additional 1,227 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Interactive Brokers Group by 27.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 3,041 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 660 shares in the last quarter. Versor Investments LP purchased a new stake in Interactive Brokers Group in the third quarter valued at $474,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in Interactive Brokers Group in the third quarter valued at $83,630,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Buying and Selling

In related news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.99% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on IBKR shares. Keefe, Bruyette & Woods boosted their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Citigroup lifted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. The Goldman Sachs Group raised their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Barclays raised their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, UBS Group increased their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Trading Up 4.4 %

Shares of IBKR opened at $168.11 on Friday. The firm has a market capitalization of $71.04 billion, a PE ratio of 23.81, a P/E/G ratio of 1.59 and a beta of 0.99. The stock’s 50 day moving average is $204.67 and its two-hundred day moving average is $174.75. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. Interactive Brokers Group’s quarterly revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.